Enty, a Tallinn, Estonia-based provider of a back office platform for European SMEs, raised €700K in funding.
The round was led by TMT Investments, Trado Capital, and angel investors.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Kirill Zheleznov, Enty provides a back office platform, which, by automating as many back-office processes as feasible, frees SMEs and entrepreneurial companies from time-consuming back-office operations. The solution currently includes financial and invoice management, and contract development and management, as part of a single subscription and is integrated with over 100 banks in Europe, including Deutsche Bank, HSBC, Rabobank, Santander, Revolut and N26. It is fully compliant with EU, EEA and UK local regulations.
In the last 3 years, over 2,500 European SMEs have been onboarded, leading Enty to hit €1 million in ARR in 2023.
FinSMEs
26/07/2024